Coffee Futures--- Coffee futures in the December contract reversed earlier losses and now are trading higher by 50 points currently at 124.45 a pound still holding major support around the 122 level as the chart structure is starting to improve tremendously due to the fact that we are stuck in a range between 122/128 over the last 3 weeks.

Sugar Futures---Sugar futures in the March contract are down 4 points at 14.34 a pound in a quiet trade this Monday in New York as I have been recommending a bullish position from around the 14.57 level & if you took the trade the stop loss stands at 13.87 and in tomorrow's trade will be raised to 14.00 as the chart structure is excellent at the current time.

Coffee Futures---Coffee futures in the December contract settled last Friday in New York at 126.60 while currently trading at 123.95 a pound ending the week on a negative note down 245 points still stuck in a 3 week consolidation bottoming out in my opinion as I will not take a short position.

Cotton Futures---Cotton futures in the December contract is currently trading at 68.20 while settling last Friday in New York at 68.80 up about 60 points for the trading week still stuck in a very tight 7 week consolidation waiting for some fresh fundamental news to dictate short-term price action.

Sugar Futures--- Sugar futures in the March contract are currently trading at 14.63 a pound after settling last Friday at 14.63 unchanged for the trading week as I have been recommending a bullish position from around the 14.57 level if you took the trade continue to place the stop loss under the 2 week low standing at 13.84 & in 2 days that will be raised to 14.00 as the chart structure will start to improve on a daily basis.

Cocoa Futures---Cocoa futures in the December contract settled last Friday in New York at 2115 while currently trading at 2057 down by over 60 points for the week as I had been recommending a bullish position for almost 2 months with an average price of around 2077 getting stopped out in yesterday's trade around the 2055 level as this market absolutely went nowhere as prices finally hit a 2 week low in yesterday's trade.

Sugar Futures---Sugar futures in the March contract is trading higher for the 4th consecutive session hitting a 6 week high as I have been recommending a bullish position from around the 14.57 level and if you took the trade continue to place the stop loss under the 2 week low which stands at 13.84 as the chart structure was excellent at the time of the recommendation.

Cocoa Futures--- Cocoa futures in the December contract are up 23 points at 2117 creating a bullish pennant flag on the daily chart & if you look at some of my previous blogs I describe exactly what type of technical indicator that is as I still remain bullish cocoa prices.

Coffee Futures---Coffee futures in the December contract are trading lower for the 3rd consecutive session down another 270 points at 122.40 a pound looking to retest the June 22nd low of 119.10 as I still think we are in a bottoming out process, however prices remain on the defensive in the short-term.

Cotton Futures --- Cotton futures in the December contract is unchanged at 68.64 as the harvest in the southern part of the United States is around 46% complete which is right near the 5 year average as a frost in West Texas could affect nearly 500,000 bales helping support prices here in the short-term.

Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Past performance is not necessarily indicative of future results.

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